Naturgy and Sonatrach Have Entered into an Agreement With Mubadala for the Acquisition of Its Stake in Medgaz, Which Will Become Jointly Controlled by Them Upon Completion of the Transaction

PRNewswire

Oct 15, 2019

- Naturgy transforms its current 14.95% financial stake in Medgaz into a strategic stake which will allow the joint control of the Company together with Sonatrach.

- Naturgy will acquire 34.05% of Medgaz for 445 million euros through an SPV which can be opened to a financial partner.

- A highly attractive transaction for Naturgy, due to both its sound strategic rationale and the financial terms achieved, in an asset with stable, low risk and predictable long-term income and dividends.

- The strategic alliance of Naturgy with Sonatrach, and of Algeria with Spain is reinforced.

PR Newswire

MADRID, Oct. 15, 2019

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